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Spain Electric Car Market Growth, Size, Share, Industry Report and Forecast 2019-2025

Author: Mansi Jain
by Mansi Jain
Posted: Jun 05, 2020

Spain electric car market is projected to grow at a CAGR of more than 21.0% during the forecast period, 2019-2025. The electric car market in Spain is comparatively small and is increasing exponentially for the last couple of years. A growth of around 48% was registered in the Spain electric car market in 2019 and reached to around 17,500 compared to 11,800 in 2018. The government of Spain is offering considerable subsidies to motivate the electric car market in the country. In February 2019, the government introduced the Spanish Alternative Mobility program as MOVES with a budget of $50 million and offers a subsidy of $6,000 on a purely electric vehicle when a fossil-based car of at least ten years old is neutralized.

Request a Free Sample of our Spain Electric Car Market: https://www.omrglobal.com/request-sample/spain-electric-car-market

Spain electric car market is segmented on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further analyzed into hatchback, sedan, and SUV. Some of the most selling electric car models in 2019 include Tesla Model 3, Nissan LEAF, Mini Countryman PHEV, Mitsubishi Outlander PHEV, Renault Zoe, Hyundai Koan EV, Volkswagen e-Golf, BMW i3, and others. On the basis of propulsion technology, the market is bifurcated into battery-electric cars and plug-in hybrid electric cars. As per the European Automobile Manufacturers Association, more than 10,000 battery-electric cars (BEV) were sold in the country in 2019 at a growth of 68% YoY whereas around 7,500 plug-in hybrid cars were sold at a growth of 27.5% YoY. By battery type, the market is further segmented into NiMH, Li-Ion, and others. Li-ion battery-electric cars market is expected to cover a major share in the near future.

A full Report of Spain Electric Car Market is Available at: https://www.omrglobal.com/industry-reports/spain-electric-car-market

Spain Electric Car Market Segmentation

By Vehicle Type

  • Sedan
  • Hatchback
  • SUV

By Propulsion Technology

  • Battery Electric Car
  • Plug-in-Hybrid Electric Car

By Battery Type

  • NiMH
  • Li-Ion
  • Others

Company Profiles

  • AB Volvo
  • Daimler AG (Smart)
  • BMW AG
  • Hyundai Motor Co.
  • Jaguar Land Rover Ltd.
  • Kia Motors Corp.
  • Mitsubishi Motors Corp.
  • Nissan Motor Co.
  • Renault Group
  • Tesla, Inc.
  • Volkswagen AG

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/spain-electric-car-market

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Orion Market Research (OMR) is a market research company that endeavors to provide exclusive blend of qualitative and quantitative market research reports to global clients. Our organization helps both multinational and domestic enterprises bolster t

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Author: Mansi Jain

Mansi Jain

Member since: May 29, 2020
Published articles: 14

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